Cardano (ADA): Hoskinson Updates ADA Community, Cardano (ADA) Investors Question Will ADA Maintain For 2024

This article is also available in Spanish.

Cardano (ADA) telah mengalami perkembangan yang signifikan akhir-akhir ini, terutama dengan implementasi sukses dari Chang Hard Fork, menandai dimulainya Era Conway. Upgrade besar ini telah memperkenalkan model tata kelola terdesentralisasi baru ke blockchain, memungkinkan pemegang ADA untuk langsung memberikan suara pada keputusan yang mempengaruhi jaringan. Meskipun ada kemajuan, beberapa investor mulai mempertanyakan apakah ADA akan mempertahankan relevansinya dan potensi pertumbuhannya menjadi 2024, terutama menghadapi proyek-proyek baru seperti Mpeppe (MPEPE), yang mendapatkan momentum di dunia kripto.

The Chang Hard Fork: A New Era for Cardano (ADA)

The Chang Hard Fork, implemented with Block 10,764,778, introduces CIP-1694, a governance model that gives ADA holders a direct say in the decision-making process of the network. This marks a significant step toward full decentralization, a long-term goal for Cardano (ADA). The Cardano (ADA) Foundation has celebrated this achievement, describing it as a move towards a “fully autonomous and decentralized network.” The governance structure now includes three bodies: the Governance Committee, DeleGate Representatives (dReps), and Stake Pool Operators (SPOs). Together, these entities will oversee the decision-making processes on the Cardano (ADA) blockchain.

Hoskinson’s Response and the Community’s Doubts

In response to these discussions, Hoskinson addressed the community directly, questioning why some people think he is not technically involved in the project. “I’m not involved technically? What the hell do people think that I do at IOG?” he tweeted, expressing frustration over the perception that his role at IOG has diminished.

Meskipun masih ada perdebatan mengenai peran Hoskinson di masa depan, Cardano (ADA) terus mendorong upaya tata kelola terdesentralisasi. Tahap berikutnya dari perubahan tata kelola diharapkan akan dilakukan dalam 90 hari ke depan, yang akan membangun fondasi yang telah diletakkan oleh tahap pertama dari Chang Hard Fork.

Cardano (ADA)'s Price and Market Outlook

Despite the technological advancements, ADA’s price has struggled to gain significant upward momentum. After the Chang Hard Fork, ADA was trading at around $0.32, down by 2.04% in the last 24 hours. The broader market downturn has left some investors wondering whether ADA can continue to grow in 2024, especially as competition intensifies with other blockchain projects and meme coins like Mpeppe (MPEPE) gaining attention.

Mpeppe and Competing Projects

As ADA holders watch the evolving governance structures and debate Hoskinson’s role, other projects like Mpeppe (MPEPE) are gaining traction. Mpeppe (MPEPE), a new meme coin in the presale phase, has captivated investors with its potential for high returns and a strong community-driven model. Priced at $0.0021, Mpeppe (MPEPE) offers an alternative investment opportunity, particularly for those looking to diversify away from more established tokens like ADA.

The appeal of Mpeppe (MPEPE) lies in its combination of meme culture and potential for rapid price growth. The project has already attracted attention from several high-profile investors, some of whom are moving their funds away from ADA in search of higher returns. The contrast between Mpeppe (MPEPE)'s momentum and ADA's more gradual growth has led some Cardano (ADA) investors to question whether ADA can maintain its market relevance in the year ahead.

What's Next for Cardano (ADA)?

To remain a top contender in 2024, ADA will need to demonstrate that its governance model can lead to tangible improvements in the network and, most importantly, deliver value to its holders. With Charles Hoskinson continuing to influence the platform's direction, and the community taking a more active role in governance, the success of Cardano (ADA) will depend on the collective efforts of its stakeholders to drive meaningful progress. Whether ADA can maintain its relevance against emerging competitors like Mpeppe (MPEPE) remains to be seen, but one thing is clear: the stakes have never been higher for the future of Cardano (ADA).

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